• Bogged Down...

    March 20, 2017

    I know that I am not the only one feeling it. You can see the increasing risk in the markets and uglier action on the tape. Credit is seeing selling even as recession fears are distant. Bank stocks are rolling over even with the Fed raising interest rates.

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  • March Madness

    March 13, 2017

    How is your bracket doing? Before the ACA Repeal and Replace plan hit the court last week, it already looked like its odds of passage were longer than Mount St. Mary’s chance to win the Men’s NCAA Basketball Tournament on April 3rd. We all know that this is just the first pass in a long negotiation…

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  • In a New York Moscow state of mind...

    March 6, 2017

    It should have been the best week of the Presidency for New York’s favorite son. After staying on script at his address to a joint session of Congress, you could sense that the narrative was shifting from “he is trying to do too much” to “how great it would be if he can get just one half of his agenda done.”

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  • Floating Castles (and Bonds)

    February 27, 2017

    While the majority of the financial world has its focus on every move in Washington D.C., there is another very important development happening in the German bond market. What was once the best short bet for some very high profile investors; it’s now become the next widow-maker trade…

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  • Center Stage...

    February 21, 2017

    While politics and the new government’s agenda is still very much in the news, investor interest last week shifted to the bigger picture. Good economic data continues to hit the tape along with better-than-expected corporate earnings growth and outlooks.

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